Topic: Alt Club - page 4. (Read 13910 times)

Quote from: Joerii on May 07, 2013, 09:44:30 PM

Quote from: willhash4food on May 07, 2013, 09:32:07 PM

Quote from: Vycid on May 07, 2013, 09:51:02 PM

If this is serious, this is pretty disgusting.

An organised pump and dump gang will really harm the image of alt coins. It's taking advantage of people who think that a coin is really increasing in value. The money the gang makes when they sell all their coin at the peak of the spike in value comes from the people who are to late in the selling.

It's a scam. People who do this, in my book, are on the same level as people who pretend to send coins in a transaction and don't.

This thread should be locked and the OP labled a scammer.

Aww. Is someone butthurt because he bought right before a dump?

I'm not butthurt, i have a moral compass. Is it cute to think stealing is wrong ?

Buying coin right before they drop in value is painful, but hey, it happens. It's a risk you should be willing to take if you trade in altcoins.

But if a group of scammers coordinates to rape a coin, that's a whole different story.

Moral compass? Lol. Finance is not for you.

But if you choose to stay anyway, welcome to the world of trading! Cheesy

You two seem very immature and trolling, but I'll reply annyway.

You can be into finance, trading and crypto and still try to do the right thing. Just because there are people who don't care about the losses of others doesn't mean you shouldn't care either. What goes around comes around.

Just because it's possible and easy to do, and you don't see the faces of the people you hurt, doesn't make it right.

I have the skill and knowledge to buy stolen creditcard numbers and info, go on TOR and buy shitloads of cryptocurrency with those stolen funds. But I don't. I like to sleep well at night knowing that I'm contributing to this world instead of merely TAKING.

Wow look at me rant. I guess you start to look at right and wrong a little bit closer when you're about to have a kid and are thining about how to raise them.

In case you haven't realized yet, this is a zero sum game. Anything you make, someone else loses. No matter if I'm part of a group that's pumping and dumping, or just a lucky loner, anything I gain is a loss for others. Morality is irrelevant.

What? In the real world we call stuff like this "insider trading" and people get sent to jail over it.

The laws don't apply here, but the principles do.

First, you just said it, the laws don't apply here. Second, it's only insider trading if you are a part of a company behind a stock. Since no one owns cryptocurrencies, and they don't generate revenue, insider trading is impossible.

It's not strictly accurate to say that it's a zero-sum game. If everyone agrees cryptocurrencies are worth something, then value has actually been created. It's the day-to-day fluctuations that are the zero-sum game.

As for the laws: no, cryptocoins aren't stocks - the laws don't apply. But they trade like securities, and the moral basis for the insider trading laws is to prohibit unfair trading based on information asymmetry - exactly what is happening here.

Joerii

legendary

Activity: 1274

Merit: 1050

I guess it's no use talking about right and wrong with greedy people.

Morality is never irrelevant.

mckmuze

member

Activity: 93

Merit: 10

Has anyone looked at TradeHill or tried to get an account? I have a feeling a lot of large pump and dump action is set in motion and the dark pools can facilitate that action. I have been debating on opening an account.

willhash4food

member

Activity: 112

Merit: 10

Quote from: Joerii on May 07, 2013, 09:44:30 PM

Quote from: willhash4food on May 07, 2013, 09:32:07 PM

If this is serious, this is pretty disgusting.

An organised pump and dump gang will really harm the image of alt coins. It's taking advantage of people who think that a coin is really increasing in value. The money the gang makes when they sell all their coin at the peak of the spike in value comes from the people who are to late in the selling.

It's a scam. People who do this, in my book, are on the same level as people who pretend to send coins in a transaction and don't.

This thread should be locked and the OP labled a scammer.

Aww. Is someone butthurt because he bought right before a dump?

I'm not butthurt, i have a moral compass. Is it cute to think stealing is wrong ?

Buying coin right before they drop in value is painful, but hey, it happens. It's a risk you should be willing to take if you trade in altcoins.

But if a group of scammers coordinates to rape a coin, that's a whole different story.

Moral compass? Lol. Finance is not for you.

But if you choose to stay anyway, welcome to the world of trading! Cheesy

You two seem very immature and trolling, but I'll reply annyway.

You can be into finance, trading and crypto and still try to do the right thing. Just because there are people who don't care about the losses of others doesn't mean you shouldn't care either. What goes around comes around.

Just because it's possible and easy to do, and you don't see the faces of the people you hurt, doesn't make it right.

I have the skill and knowledge to buy stolen creditcard numbers and info, go on TOR and buy shitloads of cryptocurrency with those stolen funds. But I don't. I like to sleep well at night knowing that I'm contributing to this world instead of merely TAKING.

Wow look at me rant. I guess you start to look at right and wrong a little bit closer when you're about to have a kid and are thining about how to raise them.

1. No one forces anyone to trade.

2. Don't invest money you can't afford to lose.

If you can't keep your emotions in check long enough to follow the above rules, doing "the right thing" isn't going to help you. Morality is irrelevant in a game of numbers.

Wink

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: willhash4food on May 07, 2013, 09:32:07 PM

If this is serious, this is pretty disgusting.

An organised pump and dump gang will really harm the image of alt coins. It's taking advantage of people who think that a coin is really increasing in value. The money the gang makes when they sell all their coin at the peak of the spike in value comes from the people who are to late in the selling.

It's a scam. People who do this, in my book, are on the same level as people who pretend to send coins in a transaction and don't.

This thread should be locked and the OP labled a scammer.

Aww. Is someone butthurt because he bought right before a dump?

I'm not butthurt, i have a moral compass. Is it cute to think stealing is wrong ?

Buying coin right before they drop in value is painful, but hey, it happens. It's a risk you should be willing to take if you trade in altcoins.

But if a group of scammers coordinates to rape a coin, that's a whole different story.

It's cute that you consider it stealing. Profiting off of people's greed is not theft; if you see massive green candlesticks, odds are it's a pump and dump. If you buy anyway, you are taking a rather large risk of getting fleeced.

What? In the real world we call stuff like this "insider trading" and people get sent to jail over it.

The laws don't apply here, but the principles do.

Joerii

legendary

Activity: 1274

Merit: 1050

If this is serious, this is pretty disgusting.

An organised pump and dump gang will really harm the image of alt coins. It's taking advantage of people who think that a coin is really increasing in value. The money the gang makes when they sell all their coin at the peak of the spike in value comes from the people who are to late in the selling.

It's a scam. People who do this, in my book, are on the same level as people who pretend to send coins in a transaction and don't.

This thread should be locked and the OP labled a scammer.

Aww. Is someone butthurt because he bought right before a dump?

I'm not butthurt, i have a moral compass. Is it cute to think stealing is wrong ?

Buying coin right before they drop in value is painful, but hey, it happens. It's a risk you should be willing to take if you trade in altcoins.

But if a group of scammers coordinates to rape a coin, that's a whole different story.

Moral compass? Lol. Finance is not for you.

But if you choose to stay anyway, welcome to the world of trading! Cheesy

You two seem very immature and trolling, but I'll reply annyway.

You can be into finance, trading and crypto and still try to do the right thing. Just because there are people who don't care about the losses of others doesn't mean you shouldn't care either. What goes around comes around.

Just because it's possible and easy to do, and you don't see the faces of the people you hurt, doesn't make it right.

I have the skill and knowledge to buy stolen creditcard numbers and info, go on TOR and buy shitloads of cryptocurrency with those stolen funds. But I don't. I like to sleep well at night knowing that I'm contributing to this world instead of merely TAKING.

Wow look at me rant. I guess you start to look at right and wrong a little bit closer when you're about to have a kid and are thining about how to raise them.

zero3112

hero member

Activity: 588

Merit: 500

New post or old?

willhash4food

member

Activity: 112

Merit: 10

If this is serious, this is pretty disgusting.

An organised pump and dump gang will really harm the image of alt coins. It's taking advantage of people who think that a coin is really increasing in value. The money the gang makes when they sell all their coin at the peak of the spike in value comes from the people who are to late in the selling.

It's a scam. People who do this, in my book, are on the same level as people who pretend to send coins in a transaction and don't.

This thread should be locked and the OP labled a scammer.

Aww. Is someone butthurt because he bought right before a dump?

I'm not butthurt, i have a moral compass. Is it cute to think stealing is wrong ?

Buying coin right before they drop in value is painful, but hey, it happens. It's a risk you should be willing to take if you trade in altcoins.

But if a group of scammers coordinates to rape a coin, that's a whole different story.

Moral compass? Lol. Finance is not for you.

But if you choose to stay anyway, welcome to the world of trading! Cheesy

ReCat

sr. member

Activity: 406

Merit: 250

If this is serious, this is pretty disgusting.

An organised pump and dump gang will really harm the image of alt coins. It's taking advantage of people who think that a coin is really increasing in value. The money the gang makes when they sell all their coin at the peak of the spike in value comes from the people who are to late in the selling.

It's a scam. People who do this, in my book, are on the same level as people who pretend to send coins in a transaction and don't.

This thread should be locked and the OP labled a scammer.

Aww. Is someone butthurt because he bought right before a dump?

Look who's talking. Tongue

(Inside joke)

Joerii

legendary

Activity: 1274

Merit: 1050